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Wow, glad to see this. Allbirds is a great business, makes good products, and cares about having an impact on the world/reducing climate impacts - not sure if I
by owenwil 5y ago
Wow, glad to see this. Allbirds is a great business, makes good products, and cares about having an impact on the world/reducing climate impacts - not sure if I’ve ever seen any other S1 filing that mentions climate impacts/goals as extensively.
If the amount of shoes/repurchases I and many others I know have made over the years from them is any indication, they’re going to keep growing fast - they seem to have a knack for bringing customers back; the filing says more than 43% of customers return to purchase something else, which is impressive.
- tyre 5y ago> Allbirds is a great business They haven’t proven that. Yes, they’ve sold a lot of shoes, but they’ve never made a profit and don’t project doing so. Every money-losing company that raises money has a story of how it will become profitable. It is possible that they do, but they haven’t yet.
- mywittyname 5y agoThe company could be profitable tomorrow if they wanted to. It's not like this is some grand, new, unproven business concept, or one that is only competitive due to VC capital. They sell shoes, and they sell them at a decent profit. There are lots of large apparel companies out there making stacks of money, many of whom started off selling shoes. This is not Uber/AirBnb, it's Adidas/Puma/Nike.